GM invests in capacity to build new transmissions

Newswire

YPSILANTI, Mich., May 30 (Reuters) - General Motors Corp. on Tuesday said it would invest $170 million to ready production of a new family of six-speed automatic transmissions expected to see high demand, in part because of consumer concern over fuel economy.
The company said the six-speed transmissions produced at the Ypsilanti plant, which will debut in some 2007 Cadillac models, will offer better performance and improved fuel economy.
GM said it would invest $125 million in its ...

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